Tamr Inc., a Cambridge, MA-based enterprise data unification platform, closed an $18m round of funding.
Backers included new investors SBI Investment, INTAGE Open Innovation Fund, Samsung Ventures, Fenox Venture Capital, and Alumni Ventures Group and founding investors New Enterprise Associates and GV, as well as other existing investors.
The company intends to use the funds to continue its growth.
Led by Andy Palmer, CEO, and Mike Stonebraker, Tamr provides an enterprise-scale data unification platform used by industry leaders like GE, Toyota, Thomson Reuters, and GSK. The company’s patented software platform uses machine learning supplemented with customers’ knowledge to unify and prepare data across myriad silos to deliver business-changing insights.